[SMM Analysis] Refined tin smelters in Yunnan returned to normal production, some may undergo maintenance at the end of June

According to the SMM survey, the comprehensive operating rates of refined tin smelters in Yunnan and Jiangxi rebounded slightly to 67.17% last week. The operating rate in Yunnan increased slightly to 67.94%. Last week, as the impact of environmental protection inspection ended, idled refined tin smelters in Yunnan returned to normal production, leading to an increase in local refined tin output. The operating rate in Jiangxi was 65.86%, flat WoW. Most refined tin smelters in Jiangxi maintained normal production, and there are no maintenance plans in the near future. With relatively stable scrap supply, some smelters gradually increased their scheduled production. Additionally, it was learned that a few smelters in Yunnan plan to undergo maintenance at the end of June or in July, which is expected to impact refined tin output to a certain extent.